System and method for nft patronage with monitoring, electronic display, and reversionary funding

Abstract

A system is provided for the generation and management of Non-Fungible Tokens (NFTs) for supporting an institution is provided. The system has a processor for generating at least one NFT, the NFT being associated with at least one artwork. The NFT includes at least a first set of coding identifying the at least one artwork, at least a second set of coding setting a first allocation of funds from an initial sale of said NFT to a first patron to said institution for said at least one artwork; and at least a third set of coding setting a second allocation of funds from a subsequent sale of the NFT, by a first patron to a second patron, to the institution for the at least one artwork. The NFT is configured to be sellable on an ongoing basis, such that for each subsequent sale of the NFT from the purchase by the second patron, and including all subsequent purchases by additional patrons, results in at least a portion of the subsequent sales being diverted to the institution.

What is claimed is: 
     
         1 . A system for the generation and management of Non-Fungible Tokens (NFTs) for supporting an institution, said system comprising:
 a processor for generating at least one NFT, said NFT associated with at least one artwork, wherein said NFT includes   at least a first set of coding identifying said at least one artwork,   at least a second set of coding setting a first allocation of funds from an initial sale of said NFT to a first patron to said institution for said at least one artwork; and   at least a third set of coding setting a second allocation of funds from a subsequent sale of said NFT, by a first patron to a second patron, to said institution for said at least one artwork,   wherein said NFT is configured to be sellable on an ongoing basis, such that for each subsequent sale of said NFT from said purchase by said second patron, and including all subsequent purchases by additional patrons, results in at least a portion of said subsequent sales being diverted to said institution.   
     
     
         2 . The system as claimed in  claim 1 , wherein said system is configured to provide data to said institution to provide an identifier associated with said first patron, such that an electronic display associated with said artwork can be updated with information about said first patron. 
     
     
         3 . The system as claimed in  claim 2 , wherein said system is configured to provide data to said institution to provide an identifier associated with said second patron, such that an electronic display associated with said artwork can be updated with information about said second patron. 
     
     
         4 . The system as claimed in  claim 3 , wherein said system is configured to provide data to said institution to provide an identifier associated with said first and second patron, as well as all said additional patrons such that an electronic display associated with said artwork can be updated with information about said first and second patrons as well as all said additional patrons. 
     
     
         5 . The system as claimed in  claim 1 , wherein said NFT includes at least one digital representation of said artwork. 
     
     
         6 . The system as claimed in  claim 1 , wherein said system is configured to generate said NFT for sale to said first patron, with a second said of coding to allocate funds to said intuition for a restoration of said artwork, and wherein said system upon completion of said restoration of said artwork issues a second restored NFT for the same said artwork. 
     
     
         7 . The system as claimed in  claim 6 , wherein said system is configured to offer said second restored NFT to said first patron.